Cavendish Maxwell’s Post

Dubai's hospitality sector continues to demonstrate resilience and stability in 2024. Occupancy levels have remained steady, with a slight year-on-year increase of 0.1%, reaching an overall occupancy rate of 78%. The luxury and upper-midsize segments performed particularly well, with luxury hotels seeing a 2.0% rise in occupancy, and upper-midsize hotels increasing by 1.6%. The upscale segment, however, experienced a modest decline of 0.8% compared to 2023.   On the pricing front, Dubai’s Average Daily Rate (ADR) stood at approximately AED 720 in the first half of 2024, reflecting a 4.6% increase year-on-year. Upscale and upper-midsize hotels saw the strongest ADR growth, with rates rising by 9.9% and 7.0% respectively. This data highlights the sector’s continued strength and profitability amid increasing visitor numbers.   For a deeper look into Dubai’s market performance, read the full report: https://vist.ly/3mkvrba   #DubaiHospitality #MarketPerformance #CavendishMaxwell #ADR #OccupancyRates #LuxuryHotels #RealEstateInsights #HospitalityTrends #TourismGrowth

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics